WarrenJ Posted October 2, 2008 Report Share Posted October 2, 2008 Tuesday I sold my commercial REIT fund. It's treated my well and I had no real reason to sell it, but it was simply too much worry to own something with "real estate" in its title. Writing today in "The Growth Stock Wire" Jeff Clark noted that after an 800 point drop in Monday's market he hadn't received any market related phone calls or emails. His conclusion? "Monday was not the bottom for the stock market." Oh boy! There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. - Ludwig von Mises Link to comment Share on other sites More sharing options...
Marika Posted October 2, 2008 Report Share Posted October 2, 2008 Tuesday I sold my commercial REIT fund. It's treated my well and I had no real reason to sell it, but it was simply too much worry to own something with "real estate" in its title. Writing today in "The Growth Stock Wire" Jeff Clark noted that after an 800 point drop in Monday's market he hadn't received any market related phone calls or emails. His conclusion? "Monday was not the bottom for the stock market." Oh boy! He's right, Monday was not the bottom for the stock market. It's far from the bottom, albeit, it's dreadfully overpriced just like real estate, it's in a bubble. Our dollar is in the crapper too, and once that 700 billion is approved, the dollar will fall even lower. This is no good no matter how you look at it. The party is over. If you really want to make people safe drivers again then simply remove all the safety features from cars. No more seat belts, ABS brakes, traction control, air bags or stability control. No more anything. You'll see how quickly people will slow down and once again learn to drive like "normal" humans. Link to comment Share on other sites More sharing options...
BodybyFisher Posted October 2, 2008 Report Share Posted October 2, 2008 Tuesday I sold my commercial REIT fund. It's treated my well and I had no real reason to sell it, but it was simply too much worry to own something with "real estate" in its title. Writing today in "The Growth Stock Wire" Jeff Clark noted that after an 800 point drop in Monday's market he hadn't received any market related phone calls or emails. His conclusion? "Monday was not the bottom for the stock market." Oh boy! If I had of known that you had a commercial REIT fund, I would have advised you to sell it a long time ago, the underlying properties are over valued for sure. Keep an eye on it for me, I am curious how it does over the next year or so. Pre-1995 - DTC codes OBD1 >> 1996 and newer - DTC codes OBD2 >> https://www.obd-codes.com/trouble_codes/gm/obd_codes.htm How to check for codes Caddyinfo How To Technical Archive >> http://www.caddyinfo.com/wordpress/cadillac-how-to-faq/ Cadillac History & Specifications Year by Year http://www.motorera.com/cadillac/index.htm Link to comment Share on other sites More sharing options...
JimD Posted October 2, 2008 Report Share Posted October 2, 2008 The Bailout Bill was originally 3 pages in length. Now it's 451 pages. That's our government at work. It no doubt inspires something; confidence is not on my list. http://news.yahoo.com/s/ap/20081001/ap_on_...down_bill_grows The bill that failed in the House was a 188KB pdf file. The bill that passed in the Senate last night is a 582KB pdf file. The difference? About $100 billion in PORK. Jim Drive your car. Use your cell phone. CHOOSE ONE ! Link to comment Share on other sites More sharing options...
WarrenJ Posted October 2, 2008 Report Share Posted October 2, 2008 Tuesday I sold my commercial REIT fund. It's treated my well and I had no real reason to sell it, but it was simply too much worry to own something with "real estate" in its title. Writing today in "The Growth Stock Wire" Jeff Clark noted that after an 800 point drop in Monday's market he hadn't received any market related phone calls or emails. His conclusion? "Monday was not the bottom for the stock market." Oh boy! If I had of known that you had a commercial REIT fund, I would have advised you to sell it a long time ago, the underlying properties are over valued for sure. Keep an eye on it for me, I am curious how it does over the next year or so. I sold NLY at $14.9915 and not an instant too soon. See: http://moneycentral.msn.com/investor/chart...p;CP=0&PT=1 With relief, Warren There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. - Ludwig von Mises Link to comment Share on other sites More sharing options...
Marika Posted October 2, 2008 Report Share Posted October 2, 2008 Tuesday I sold my commercial REIT fund. It's treated my well and I had no real reason to sell it, but it was simply too much worry to own something with "real estate" in its title. Writing today in "The Growth Stock Wire" Jeff Clark noted that after an 800 point drop in Monday's market he hadn't received any market related phone calls or emails. His conclusion? "Monday was not the bottom for the stock market." Oh boy! If I had of known that you had a commercial REIT fund, I would have advised you to sell it a long time ago, the underlying properties are over valued for sure. Keep an eye on it for me, I am curious how it does over the next year or so. I sold NLY at $14.9915 and not an instant too soon. See: http://moneycentral.msn.com/investor/chart...p;CP=0&PT=1 With relief, Warren If I'm reading those charts correctly, it seemed to peak in January. But the question remains to be asked, do you really want to wait around to see if it will peak again? If you really want to make people safe drivers again then simply remove all the safety features from cars. No more seat belts, ABS brakes, traction control, air bags or stability control. No more anything. You'll see how quickly people will slow down and once again learn to drive like "normal" humans. Link to comment Share on other sites More sharing options...
BodybyFisher Posted October 2, 2008 Report Share Posted October 2, 2008 I don't under stand why the republicans don't stand up and detail how much pork has been put into this bill by the democrats Pre-1995 - DTC codes OBD1 >> 1996 and newer - DTC codes OBD2 >> https://www.obd-codes.com/trouble_codes/gm/obd_codes.htm How to check for codes Caddyinfo How To Technical Archive >> http://www.caddyinfo.com/wordpress/cadillac-how-to-faq/ Cadillac History & Specifications Year by Year http://www.motorera.com/cadillac/index.htm Link to comment Share on other sites More sharing options...
WarrenJ Posted October 2, 2008 Report Share Posted October 2, 2008 If I'm reading those charts correctly, it seemed to peak in January. But the question remains to be asked, do you really want to wait around to see if it will peak again? Actually, the peak was in late February. Would that I had sold it then, but sold it nevertheless is. Regards, Warren There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. - Ludwig von Mises Link to comment Share on other sites More sharing options...
WarrenJ Posted October 2, 2008 Report Share Posted October 2, 2008 I don't under stand why the republicans don't stand up and detail how much pork has been put into this bill by the democrats They may have, but how would you know? The Media certainly wouldn't report it! Regards, Warren There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. - Ludwig von Mises Link to comment Share on other sites More sharing options...
BodybyFisher Posted October 2, 2008 Report Share Posted October 2, 2008 This was at CNN: Spoonful of pork may help bitter economic pill go downStory Highlights Senate's financial rescue plan includes incentives that may attract votes Proposal would exempt a specific kind of arrow from excise tax Rum from Puerto Rico and Virgin Islands would get tax break Filmmakers would get a $478 million in incentives to produce movies in U.S. WASHINGTON (CNN) -- The Senate's financial rescue plan may have a better chance of passage because it's padded with pork that may be tasty enough to get reluctant House members to bite. Lawmakers added billions in tax incentives to the bailout bill to help it pass the House. Most of the $110 billion in additions, such as a tax credit for research and development and an increase in insurance for bank accounts, would have broad economic impact. The benefits of others, though, may not be so evident to most taxpayers. For example, the proposal includes an excise tax exemption for a very specific type of arrow used by child archers. According to Steve Ellis of Taxpayers for Common Sense, a nonpartisan watchdog group, current law places an excise tax of 39 cents on the first sale by the manufacturer, producer or importer of any shaft of a type used to produce certain types of arrows. "This proposal would exempt from the excise tax any shaft consisting of all natural wood with no laminations or artificial means to enhance the spine of the shaft used in the manufacture of an arrow that measures 5/16 of an inch or less and is unsuited for use with a bow with a peak draw weight of 30 pounds or more," Ellis wrote. The estimated cost of the proposal is $6 million over 10 years, he wrote. Follow the progress of the $700 billion bailout plan » Oregon Sens. Ron Wyden, a Democrat, and Gordon Smith, a Republican, were the initial sponsors of the arrow provision. According to Bloomberg News, the earmark provision would be worth $200,000 a year to Rose City Archery in Myrtle Point, Oregon. The Taxpayers for Common Sense also reports that the proposal includes such mouthwatering morsels as these: Creation of a seven-year cost recovery period for construction of a motorsports racetrack: Track owners currently follow a seven-year depreciation schedule and write each year's depreciation off their taxes. The IRS wanted to increase the depreciation timetable to 15 years, which would mean the track owner's depreciation would be cut in half. The measure in the keeps the seven-year depreciation schedule for two years and would cost taxpayers $100 million. A refund of excise taxes to Puerto Rico and the Virgin Islands for rum: A $13.50 per gallon excise tax is placed on rum imported into the United States. The measure extends to December 31, 2009, a refund of $13.25 per gallon tax back to Puerto Rico and the Virgin Islands, which are both U.S. territories. The refund has been in place since the early '90s. The measure would cost taxpayers $192 million. Income averaging for amounts received in connection with the Exxon Valdez litigation: The measure would allow the plaintiffs who won damages from Exxon Mobile for the oil spilled by the Exxon Valdez to average the award over three years rather than treating it as income in a single year. The measure was backed by Alaska Rep. Don Young and would cost taxpayers $49 million. Secure rural schools and community self-determination program: The program replaces revenue rural communities used to enjoy from the sale of federal forest land. The measure is sponsored by lawmakers from Oregon and Idaho. The program would cost taxpayers $3.3 billion. Deduction of state and local sales taxes: The measure allows citizens who do not pay state income taxes to deduct the amount of sales tax they pay over a year from their federal income tax for two additional years. States that benefit include Texas, Nevada, Florida, Washington and Wyoming. The measure would cost taxpayers $3.3 billion. Provisions related to film and television productions: In order to keep movie production in the U.S., production companies would be allowed to deduct the cost of producing the films from their taxes. Rep. Diane Watson, D-California, has been one of the program's biggest supporters. The measure would cost taxpayers $478 million over 10 years. Extension and modification of duty suspension on wool products, wool research fund and wool duty refunds: The measure helps U.S. worsted wool fabric makers and clothing manufacturers. The bill extends provisions through 2014 or 2015 that were originally sponsored by Reps. Louise Slaughter, D-New York, and Melissa Bean, D-Illinois, in 2007. The measure would cost taxpayers $148 million. Extension of economic development credit for American Samoa: The measure would extend for two years provisions meant to help economic development in the U.S. territory of American Samoa. The measure would cost taxpayers $33 million. Transportation fringe benefit to bicycle commuters: The measure would allow employers to provide benefits to employees who commute to work via bicycle, such as help purchasing and maintaining a bicycle. (OK WARREN, PARK THE ELDORADO!!!) The measure would cost taxpayers $10 million. Pre-1995 - DTC codes OBD1 >> 1996 and newer - DTC codes OBD2 >> https://www.obd-codes.com/trouble_codes/gm/obd_codes.htm How to check for codes Caddyinfo How To Technical Archive >> http://www.caddyinfo.com/wordpress/cadillac-how-to-faq/ Cadillac History & Specifications Year by Year http://www.motorera.com/cadillac/index.htm Link to comment Share on other sites More sharing options...
WarrenJ Posted October 2, 2008 Report Share Posted October 2, 2008 The Bailout Bill was originally 3 pages in length. Now it's 451 pages. That's our government at work. It no doubt inspires something; confidence is not on my list. <a href="http://news.yahoo.com/s/ap/20081001/ap_on_...down_bill_grows" target="_blank">http://news.yahoo.com/s/ap/20081001/ap_on_...down_bill_grows</a> The bill that failed in the House was a 188KB pdf file. The bill that passed in the Senate last night is a 582KB pdf file. The difference? About $100 billion in PORK. So that would be, in round numbers, about $250 million per KB? Regards, Warren There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. - Ludwig von Mises Link to comment Share on other sites More sharing options...
BodybyFisher Posted October 2, 2008 Report Share Posted October 2, 2008 Its up to $110 Billion $110,000,000,000 Pre-1995 - DTC codes OBD1 >> 1996 and newer - DTC codes OBD2 >> https://www.obd-codes.com/trouble_codes/gm/obd_codes.htm How to check for codes Caddyinfo How To Technical Archive >> http://www.caddyinfo.com/wordpress/cadillac-how-to-faq/ Cadillac History & Specifications Year by Year http://www.motorera.com/cadillac/index.htm Link to comment Share on other sites More sharing options...
WarrenJ Posted October 2, 2008 Report Share Posted October 2, 2008 (OK WARREN, PARK THE ELDORADO!!!) Your dreams aren't large enough to encompass that view !!!!!!!! Regards, Warren :D :D :D :D Dam*n! I think I just broke my left mouse key! Oh wait, it's back! There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. - Ludwig von Mises Link to comment Share on other sites More sharing options...
WarrenJ Posted October 2, 2008 Report Share Posted October 2, 2008 (OK WARREN, PARK THE ELDORADO!!!) Mr. Pott would just like to take a VERY SMALL moment to pass a comment to Mr. Kettle: WHAT ABOUT THAT FRIKKEN' NILE RIVER BARGE YOU PLOW THE HIGHWAYS WITH ?? So there . . . . There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. - Ludwig von Mises Link to comment Share on other sites More sharing options...
BodybyFisher Posted October 2, 2008 Report Share Posted October 2, 2008 (OK WARREN, PARK THE ELDORADO!!!) Mr. Pott would just like to take a VERY SMALL moment to pass a comment to Mr. Kettle: WHAT ABOUT THAT FRIKKEN' NILE RIVER BARGE YOU PLOW THE HIGHWAYS WITH ?? So there . . . . Hey you would need to pry the Deville out from under my azz...... I just thought you would get a laugh, imagine you riding to work? The GOV is now going to help YOUR EMPLOYER buy and maintain your BIKE to ride to work..... I think they will allow you in the HOV lane on the Long Island Expressway!!! WooptyDo... The measure would allow employers to provide benefits to employees who commute to work via bicycle, such as help purchasing and maintaining a bicycle Pre-1995 - DTC codes OBD1 >> 1996 and newer - DTC codes OBD2 >> https://www.obd-codes.com/trouble_codes/gm/obd_codes.htm How to check for codes Caddyinfo How To Technical Archive >> http://www.caddyinfo.com/wordpress/cadillac-how-to-faq/ Cadillac History & Specifications Year by Year http://www.motorera.com/cadillac/index.htm Link to comment Share on other sites More sharing options...
JimD Posted October 2, 2008 Report Share Posted October 2, 2008 Its up to $110 Billion $110,000,000,000 The House cannot approve the Senate version of the bill without looking like a collective bunch of hypocrites. The House bill failed for many reasons including the staggering cost! So how can they pass a measure from the Senate that has been inflated with pork and little else? I plan to vote early as I will be out of state on Nov. 4. I can wait long enough so see how my representative votes on whatever final form this bill takes. He might have to return to his previous occupation. Jim Drive your car. Use your cell phone. CHOOSE ONE ! Link to comment Share on other sites More sharing options...
WarrenJ Posted October 2, 2008 Report Share Posted October 2, 2008 Hey you would need to pry the Deville out from under my azz...... Now there's a picture that doesn't sit well in my mind"s eye. Ahem! My work drive is a 45 mile round trip. If I bicycled that I'd have thighs the size of tree trunks. I'd rather have ears the size of Willie Nelson. Regards, Warren There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. - Ludwig von Mises Link to comment Share on other sites More sharing options...
Marika Posted October 2, 2008 Report Share Posted October 2, 2008 China rides bicycles, now they drive cars. The USA drives cars, and soon we'll be riding bicycles. If you really want to make people safe drivers again then simply remove all the safety features from cars. No more seat belts, ABS brakes, traction control, air bags or stability control. No more anything. You'll see how quickly people will slow down and once again learn to drive like "normal" humans. Link to comment Share on other sites More sharing options...
WarrenJ Posted October 2, 2008 Report Share Posted October 2, 2008 China rides bicycles, now they drive cars. The USA drives cars, and soon we'll be riding bicycles. NOPE! Not me. Regards, Warren P.S. The vast majority of Chinese don't even have clean drinking water. Bicycles are on their wish list. As are children. Cars? Now you got me laughing. There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. - Ludwig von Mises Link to comment Share on other sites More sharing options...
BodybyFisher Posted October 2, 2008 Report Share Posted October 2, 2008 China rides bicycles, now they drive cars. The USA drives cars, and soon we'll be riding bicycles. It does sound like we are trading places doesn't it... Pre-1995 - DTC codes OBD1 >> 1996 and newer - DTC codes OBD2 >> https://www.obd-codes.com/trouble_codes/gm/obd_codes.htm How to check for codes Caddyinfo How To Technical Archive >> http://www.caddyinfo.com/wordpress/cadillac-how-to-faq/ Cadillac History & Specifications Year by Year http://www.motorera.com/cadillac/index.htm Link to comment Share on other sites More sharing options...
WarrenJ Posted October 2, 2008 Report Share Posted October 2, 2008 China rides bicycles, now they drive cars. The USA drives cars, and soon we'll be riding bicycles. It does sound like we are trading places doesn't it... Not even close! Tell me you'd like to live there. Go ahead . . . try and make me believe it! I thought not. Regards, Warren There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. - Ludwig von Mises Link to comment Share on other sites More sharing options...
Marika Posted October 2, 2008 Report Share Posted October 2, 2008 (OK WARREN, PARK THE ELDORADO!!!) Mr. Pott would just like to take a VERY SMALL moment to pass a comment to Mr. Kettle: WHAT ABOUT THAT FRIKKEN' NILE RIVER BARGE YOU PLOW THE HIGHWAYS WITH ?? So there . . . . and to think I called Mike's caddy a grandfather clock.... :lol: If you really want to make people safe drivers again then simply remove all the safety features from cars. No more seat belts, ABS brakes, traction control, air bags or stability control. No more anything. You'll see how quickly people will slow down and once again learn to drive like "normal" humans. Link to comment Share on other sites More sharing options...
WarrenJ Posted October 2, 2008 Report Share Posted October 2, 2008 and to think I called Mike's caddy a grandfather clock.... :lol: I'm so sorry I missed that! BTW, Mike's Caddy is a VERY NICE barge. But, still it's a barge. He thinks he'd look good in an STS, but I still think he's Eldorado material. Regards, Warren There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. - Ludwig von Mises Link to comment Share on other sites More sharing options...
Marika Posted October 2, 2008 Report Share Posted October 2, 2008 and to think I called Mike's caddy a grandfather clock.... :lol: I'm so sorry I missed that! BTW, Mike's Caddy is a VERY NICE barge. But, still it's a barge. He thinks he'd look good in an STS, but I still think he's Eldorado material. Regards, Warren I told him when we met up at Hooter's. Gosh I miss those get togethers. We really had a good time. If you really want to make people safe drivers again then simply remove all the safety features from cars. No more seat belts, ABS brakes, traction control, air bags or stability control. No more anything. You'll see how quickly people will slow down and once again learn to drive like "normal" humans. Link to comment Share on other sites More sharing options...
WarrenJ Posted October 3, 2008 Report Share Posted October 3, 2008 I told him when we met up at Hooter's. Gosh I miss those get togethers. We really had a good time. I came very close to getting there. Sorry I missed you folks. Let me know if its to be done again. It was a Sunday, right? Regards, Warren There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. - Ludwig von Mises Link to comment Share on other sites More sharing options...
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